BANKRUPTCY VS. CONSUMER PROPOSAL I want to briefly explain the difference between a consumer proposal and bankruptcy In a bankruptcy you surrender everything you own to licensed insolvency trustee and in turn all your unsecured debts are eliminated....

ABOUT CAIRP The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) is the national professional organization representing more than 980 members working in the insolvency system, as well as over 500 articling, life and corporate associates....

The partners created 4 Pillars in 2002, to introduce our expertise to a consumer group that truly needed it: the increasing number of Canadians wrestling with dangerous levels of personal debt that are fearful and intimidated by navigating the process alone. Our...

“Don’t let fear or insecurity stop you from trying new things. Believe in yourself. Do what you love. And most importantly, be kind to others, even if you don’t like them.” – Stacy London With debt levels at record highs this is a question facing many...

Many people think that I consumer proposal is just the same as bankruptcy. Is this really the case? Absolutely not! First we need to understand what actually happens when a debtor (a person in debt) files for bankruptcy. When al bankruptcy is filed the debtor`s assets...